Paul J. Travers Acquires 14,500 Shares of Vuzix Co. (NASDAQ:VUZI) Stock

Vuzix Co. (NASDAQ:VUZI) CEO Paul J. Travers purchased 14,500 shares of the stock in a transaction dated Monday, April 22nd. The stock was acquired at an average cost of $1.25 per share, for a total transaction of $18,125.00. Following the completion of the transaction, the chief executive officer now owns 2,859,670 shares of the company’s stock, valued at approximately $3,574,587.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Vuzix Stock Down 3.0 %

VUZI stock opened at $1.31 on Wednesday. Vuzix Co. has a twelve month low of $1.10 and a twelve month high of $6.06. The company has a market cap of $84.78 million, a PE ratio of -1.66 and a beta of 1.86. The business’s 50-day simple moving average is $1.42 and its 200 day simple moving average is $2.02.

Analysts Set New Price Targets

Separately, Craig Hallum decreased their target price on Vuzix from $3.50 to $3.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th.

Institutional Investors Weigh In On Vuzix

A number of institutional investors have recently added to or reduced their stakes in VUZI. Taylor Frigon Capital Management LLC lifted its stake in Vuzix by 6.4% during the fourth quarter. Taylor Frigon Capital Management LLC now owns 359,359 shares of the company’s stock worth $749,000 after purchasing an additional 21,650 shares during the period. Bank of New York Mellon Corp lifted its stake in Vuzix by 5.3% during the third quarter. Bank of New York Mellon Corp now owns 219,325 shares of the company’s stock worth $796,000 after purchasing an additional 11,079 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in Vuzix by 23.8% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 132,527 shares of the company’s stock worth $276,000 after purchasing an additional 25,480 shares during the period. Redmond Asset Management LLC lifted its stake in Vuzix by 77.4% during the third quarter. Redmond Asset Management LLC now owns 123,443 shares of the company’s stock worth $448,000 after purchasing an additional 53,851 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its stake in Vuzix by 226.9% during the third quarter. State Board of Administration of Florida Retirement System now owns 82,440 shares of the company’s stock worth $299,000 after purchasing an additional 57,223 shares during the period. 35.87% of the stock is owned by institutional investors and hedge funds.

Vuzix Company Profile

Vuzix Corporation, together with its subsidiaries, designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices for consumer and enterprise markets in North America, Europe, the Asia-Pacific, and internationally. It provides M400, and M4000 series of smart glasses for enterprise, industrial, commercial, and medical markets; Vuzix Blade smart glasses; waveguide optics and related coupling optics; Vuzix Shield smart glasses; Vuzix Ultralite smart glasses; and Mobilium logistics mobility software, which removes traditional middleware and supports various ERP systems, as well as custom and engineering solutions.